As one of the quickest and most convenient ways to transfer physical cash into Bitcoin or other cryptocurrencies, crypto ATMs or BTMs continued their impressive growth in 2021.<\/p>\n\n\n\n
Data from Block Arabia<\/a> shows that nearly 10,500 new BTMs have been installed in seven months of 2021, 55% more than in the entire 2020.<\/p>\n\n\n\n Crypto ATMs, also known as Bitcoin ATMs or BTMs, is a physical device that allows users to purchase Bitcoin<\/a>, Dogecoin<\/a>, Ethereum<\/a>, and other cryptocurrencies with cash or their debit or credit cards. Some models are bi-directional and also allow the sale of digital currencies for cash.<\/p>\n\n\n\n Developed countries like the United States, Canada, and the United Kingdom hold the biggest number of BTMs. However, over the years, they also became very popular in countries whose citizens need a quick exchange of an official currency for a digital asset not regulated by the government.<\/p>\n\n\n\nWhat are crypto ATMs?<\/strong><\/h2>\n\n\n\n